Net official development assistance received in Nigeria
Nigeria: Net official development assistance received was 3.30 billion current US$ in 2018. ◆ Volatile
Net official development assistance received in Nigeria, 1990–2018
Source: Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a. Measured in current US$.
Analysis
The most recent figure for net official development assistance received in Nigeria is 3.30 billion current US$, measured in 2018.
The figure is down 1.7% on the previous year and up 155.2% over ten years.
Over the whole period, net official development assistance received in Nigeria peaked at 11.43 billion current US$ in 2006 and was at its lowest, 151.99 million current US$, in 1999.
Nigeria ranks 5th of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 220.52 million current US$ | 151.99 million current US$ | 288.42 million current US$ | 10 |
| 2000s | 2.43 billion current US$ | 167.82 million current US$ | 11.43 billion current US$ | 10 |
| 2010s | 2.48 billion current US$ | 1.81 billion current US$ | 3.36 billion current US$ | 9 |
Countries ranked near Nigeria
- 2 Yemen 7.99 billion current US$ compare
- 3 Ethiopia 4.93 billion current US$ compare
- 4 Afghanistan 3.79 billion current US$ compare
- 6 Bangladesh 3.04 billion current US$ compare
- 7 Jordan 2.52 billion current US$ compare
- 8 Democratic Republic of Congo 2.51 billion current US$ compare
More external debt data for Nigeria
- IFC, private nonguaranteed 102.35 million NFL, US$ (2024)
- Public and publicly guaranteed debt service 1.6% (2024)
- Net financial flows, IDA 1.92 billion NFL, current US$ (2024)
- Net financial flows, IBRD 758.21 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.3% (2024)
- Use of IMF credit 6.05 billion DOD, current US$ (2024)
- External debt stocks, public and publicly guaranteed (PPG) 50.19 billion DOD, current US$ (2024)
- IBRD loans and IDA credits 17.84 billion DOD, current US$ (2024)
- Net financial flows, bilateral 112.67 million NFL, current US$ (2024)
- Net financial flows, multilateral 3.19 billion NFL, current US$ (2024)
Frequently asked questions
- What is net official development assistance received in Nigeria?
- Net official development assistance received in Nigeria was 3.30 billion current US$ in 2018, according to Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a.
- What is the highest net official development assistance received recorded in Nigeria?
- The highest recorded value was 11.43 billion current US$ in 2006.
- What is the lowest net official development assistance received recorded in Nigeria?
- The lowest recorded value was 151.99 million current US$ in 1999.
- How does Nigeria rank for net official development assistance received?
- Nigeria ranks 5th out of 167 countries with data for 2018.
- Is net official development assistance received rising or falling in Nigeria?
- Over the last ten years it is up 155.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Development Assistance Committee of the Organisation for Economic Co-operation and Development, Geographical Distribution of Financial Flows to Developing Countries, Development Co-operation Report, a, published as part of Net official development assistance received (current US$). Statizoid updates them automatically from the source API.
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About this data
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars.